Finding someone to buy your silver items can take some time, so you need to make sure that you look around and find the best silver dealers Struble has to offer. This way, you can make sure that you get the best price possible for all of your valuables.

A good buyer will carefully assess all of your things to give you an accurate understanding of how much they are worth. You can then use this information to decide what to do. Selling your silver can earn you quite a bit from the right dealer.

Hotopp Jewelry & Gifts

26 Central Ave NE, Le Mars, IA 51031

(712) 546-4322

Dojan Pearls

710 Ohio Ave SW, Orange City, IA 51041

(712) 737-8825

Windmill Park Jewelers

112 2nd St NW Frnt Main, Orange City, IA 51041

(712) 737-4208

Akron Gold and Silver

120 Reed St, Akron, IA 51001

(712) 568-4653

Pat's Jewelry Centre

251 N Main Ave Ste 215, Sioux Center, IA 51250

(712) 722-4211

Center Stone Jewelers

736 N Main Ave, Sioux Center, IA 51250

(712) 722-1601

Vibella Jewelry

1275 7th Ave NE, Sioux Center, IA 51250

(712) 722-4112

Mel's Pawn Shop

1019 W 7th St, Sioux City, IA 51103

(712) 258-2639

Siouxland Coin Jewelry

419 Nebraska St, Sioux City, IA 51101

(712) 224-2646

EZPAWN Payday Loans

1801 Hamilton Blvd, Sioux City, IA 51103

(712) 277-8169

Thorpe & Co Jewellers

501 4th St, Sioux City, IA 51101

(712) 560-7046

Helzberg

Southern Hills Mall, Sioux City, IA 51101

(712) 274-2772

Jacobsma

504 Court St, Sioux City, IA 51101

(712) 258-0357

Zales

4400 Sergeant Rd, Sioux City, IA 51106

(712) 276-0480

Tactics That Successful Silver Dealers Use

Silver is a commodity. That means that any single ounce of silver is worth the same as any other ounce of silver at the same purity level. It's been used as money in a variety of cultures and silver dealers use tactics to buy and sell silver and make a profit. Here is how they do it.

Wholesale Markup

Silver dealers are in business to make money and they often do it by buying silver coins or bullion at wholesale prices. Perhaps they were able to buy a silver coin for the rock bottom price of $15. When these coins become scarce in the market, the dealer may choose to offer them to a collector. Collectors pay a higher price and remove the coins from circulation. The dealer makes a profit on the markup over the wholesale price that he paid.

Replacement Cost Price

A dealer should never sell anything for less than the cost of what it would take to replace it. That's the philosophy of most successful dealers in metals. They take the long view and buy silver when it reaches a low. Let's use the same number we used above. Say they bought an ounce for $15.

That's a good buy because the price of silver typically goes for more than that. To gain a profit, the dealer will have to hold onto the bullion until the price rises. At that point, he must sell it at a price no lower than what it would cost him to replace it. If silver has risen to $30 an ounce, he's made a tidy profit when he sells.

The first tactic requires finding the right kind of buyer in order to make a profit. The second one requires patience while waiting for the market to change. Both can be very lucrative.